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Merry Electronics Co (TPE:2439) Cyclically Adjusted Revenue per Share : NT$156.66 (As of Mar. 2024)


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What is Merry Electronics Co Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Merry Electronics Co's adjusted revenue per share for the three months ended in Mar. 2024 was NT$33.805. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is NT$156.66 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Merry Electronics Co's average Cyclically Adjusted Revenue Growth Rate was 8.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Merry Electronics Co was 14.70% per year. The lowest was 13.10% per year. And the median was 13.90% per year.

As of today (2024-06-06), Merry Electronics Co's current stock price is NT$122.50. Merry Electronics Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$156.66. Merry Electronics Co's Cyclically Adjusted PS Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Merry Electronics Co was 2.12. The lowest was 0.53. And the median was 0.80.


Merry Electronics Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Merry Electronics Co's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Merry Electronics Co Cyclically Adjusted Revenue per Share Chart

Merry Electronics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.50 105.27 123.47 140.95 152.39

Merry Electronics Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 144.70 148.29 151.41 152.39 156.66

Competitive Comparison of Merry Electronics Co's Cyclically Adjusted Revenue per Share

For the Consumer Electronics subindustry, Merry Electronics Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Merry Electronics Co's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Merry Electronics Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Merry Electronics Co's Cyclically Adjusted PS Ratio falls into.



Merry Electronics Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Merry Electronics Co's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=33.805/131.7762*131.7762
=33.805

Current CPI (Mar. 2024) = 131.7762.

Merry Electronics Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 15.706 100.560 20.582
201409 18.520 100.428 24.301
201412 17.361 99.070 23.092
201503 14.472 99.621 19.143
201506 13.805 100.684 18.068
201509 17.092 100.392 22.435
201512 18.347 99.792 24.227
201603 12.367 100.470 16.220
201606 18.857 101.688 24.437
201609 25.019 101.861 32.367
201612 30.192 101.863 39.058
201703 22.713 102.862 29.097
201706 27.138 103.349 34.603
201709 32.664 104.136 41.334
201712 52.371 104.011 66.351
201803 22.031 105.290 27.573
201806 33.421 106.317 41.424
201809 55.463 106.507 68.622
201812 65.900 105.998 81.927
201903 34.020 107.251 41.800
201906 45.801 108.070 55.848
201909 45.061 108.329 54.814
201912 39.202 108.420 47.647
202003 24.750 108.902 29.949
202006 29.234 108.767 35.418
202009 45.815 109.815 54.977
202012 56.626 109.897 67.900
202103 36.928 111.754 43.544
202106 38.193 114.631 43.905
202109 35.883 115.734 40.857
202112 45.796 117.630 51.304
202203 25.030 121.301 27.192
202206 33.841 125.017 35.671
202209 45.989 125.227 48.394
202212 42.054 125.222 44.255
202303 29.307 127.348 30.326
202306 35.034 128.729 35.863
202309 39.458 129.860 40.040
202312 47.408 129.419 48.271
202403 33.805 131.776 33.805

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Merry Electronics Co  (TPE:2439) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Merry Electronics Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=122.50/156.66
=0.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Merry Electronics Co was 2.12. The lowest was 0.53. And the median was 0.80.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Merry Electronics Co Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Merry Electronics Co's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Merry Electronics Co (TPE:2439) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 22, 23 Road, Taichung Industrial Park, Nantun District, Taichung, TWN, 408213
Merry Electronics Co Ltd is a Taiwan-based company that is engaged in producing and selling products including headsets, speakers, microphones, batteries, and personal sound amplifiers. The company's products are applied to a series of business areas, including mobile devices, audio visual devices, computer peripherals, consumer electronics, and healthcare. The company has service sites located around the world, including in Asia and the Americas.

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